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For those of you working on your IRS form 940 in Michigan, Indiana or South Carolina, don’t forget Schedule “A”. That’s the credit reduction for states that owe the feds money for unemployment. In Michigan it amounts to 0.6% of FUTA taxable wages and half that for Indiana and South Carolina. A link to the Schedule is here. Please let us know if you need any help with this. You can call us at (866) 296-5911 or email me at [email protected].
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